Updated Dec 4, 2024
Tony Huang Acquires Newport Coast Mansion For $38M With Michelle Linovitz And Marcy Weinstein
20 Coastline Drive
$38,000,000
$2,072/SF
Building Size
18,336 SF
Asset Type
Single Family
Closing
May 13, 2024
About this deal
AI
The single-family property located at 20 Coastline Drive in Newport Coast with a total of 0.78 acres was recently sold for $38,000,000. The transaction involved a spacious 18,336 square feet home, equating to a price per square foot of $2,072. The sale was finalized on 05/13/2024 and set a record as Orange County's most expensive home sale this year.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $38,000,000
- Address: 20 Coastline Drive
- Market: Newport Coast
- Buyer: Tony Huang
- Seller: Thomas & Annette Haigh
- Buyer's Rep: Michelle Linovitz - Coldwell Banker
- Seller's Rep: Marcy Weinstein & Rex McKown - Compass
The $38 million mansion was bought by a trust linked to Tony Huang from Las Vegas-based. The property was previously owned by Thomas and Annette Haigh, who acquired the land for $8.5 million and constructed the luxurious home. The deal, which was not publicly marketed, was facilitated by Compass and Coldwell Banker Realty, representing the seller and buyer, respectively.
Players
Newport Coast Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $38M for 18,336 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93